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New Jersey Resources Board of Directors Declares Quarterly Dividend

New Jersey Resources Board of Directors Declares Quarterly Dividend

WALL, N.J.--(BUSINESS WIRE)--Nov. 13, 2018--
The board of directors of New Jersey Resources (NYSE:NJR) unanimously
declared a quarterly dividend on its common stock of $.2925 per share.
The dividend will be payable on January 2, 2019 to shareowners of record
as of December 14, 2018.

NJR has paid quarterly dividends continuously since its inception in
1952. The company is committed to providing value to its shareowners
with a competitive return.

About New Jersey Resources

New Jersey Resourcesis a Fortune 1000 company that, through its
subsidiaries, provides safe and reliable natural gas and clean energy
services, including transportation, distribution, asset management and
home services. NJR is composed of five primary businesses:

New Jersey Natural Gas, NJR’s principal subsidiary, operates
and maintains nearly 7,500 miles of natural gas transportation and
distribution infrastructure to serve over half a million customers in
New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and
Burlington counties.

NJR Energy Services manages a diversified portfolio of natural
gas transportation and storage assets and provides physical natural
gas services and customized energy solutions to its customers across
North America.

NJRMidstream serves customers from local distributors
and producers to electric generators and wholesale marketers through
its 50 percent equity ownership in the Steckman Ridge natural gas
storage facility, as well as its 20 percent equity interest in the
PennEast Pipeline Project.

NJR Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby generators,
solar and other indoor and outdoor comfort products to residential
homes throughout New Jersey.

NJR and its more than 1,000 employees are committed to helping customers
save energy and money by promoting conservation and encouraging
efficiency through Conserve to Preserve® and initiatives such
as The SAVEGREEN Project® and The Sunlight Advantage®.